Equity Method Investments |
A summary of the unaudited condensed financial information of the five unconsolidated entities that are accounted for by the equity method is as follows (in thousands): | | | | | | | | | | | | | March 31, 2022 | | December 31, 2021 | Assets: | | | | Cash | $ | 20,218 | | | $ | 15,903 | | Accounts receivable | 4,609 | | | 4,787 | | Bonds and notes receivable | 5,762 | | | 5,772 | | Loans held for sale, at fair value | 18,277 | | | 20,734 | | Inventory | 167,999 | | | 166,861 | | Other assets | 12,375 | | | 7,220 | | Total assets | $ | 229,240 | | | $ | 221,277 | | Liabilities: | | | | Accounts payable | $ | 12,547 | | | $ | 7,701 | | Accrued expenses and other liabilities | 15,051 | | | 13,992 | | Notes payable | 92,617 | | | 95,816 | | Total liabilities | $ | 120,215 | | | $ | 117,509 | | Owners’ equity: | | | | Green Brick | $ | 55,508 | | | $ | 52,983 | | Others | 53,517 | | | 50,785 | | Total owners’ equity | $ | 109,025 | | | $ | 103,768 | | Total liabilities and owners’ equity | $ | 229,240 | | | $ | 221,277 | |
| | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2022 | | 2021 | Revenues | | $ | 70,636 | | | $ | 39,721 | | Costs and expenses | | 59,197 | | | 31,951 | | Net earnings of unconsolidated entities | | $ | 11,439 | | | $ | 7,770 | | Company’s share in net earnings of unconsolidated entities | | $ | 5,687 | | | $ | 3,891 | |
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